January Capital Advisors LLC Takes $3.80 Million Position in SPDR Gold MiniShares Trust $GLDM

January Capital Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 1st quarter, Holdings Channel reports. The fund purchased 40,997 shares of the company’s stock, valued at approximately $3,800,000. SPDR Gold MiniShares Trust makes up 5.1% of January Capital Advisors LLC’s holdings, making the stock its 5th largest position.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 90.6% in the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after purchasing an additional 11,428 shares during the period. Walleye Capital LLC purchased a new position in SPDR Gold MiniShares Trust during the second quarter valued at approximately $210,000. Jump Financial LLC grew its position in SPDR Gold MiniShares Trust by 1.3% during the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock valued at $2,780,000 after purchasing an additional 530 shares in the last quarter. State Street Corp increased its stake in SPDR Gold MiniShares Trust by 0.3% in the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after buying an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC lifted its position in SPDR Gold MiniShares Trust by 82.1% in the 2nd quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock worth $9,999,000 after buying an additional 68,786 shares in the last quarter.

Key SPDR Gold MiniShares Trust News

Here are the key news stories impacting SPDR Gold MiniShares Trust this week:

• Positive Sentiment: Gold and silver rebounded in late U.S. trading after softer inflation data reduced near-term concerns about additional interest-rate tightening. Because GLDM is designed to track the performance of gold bullion, stronger spot-gold prices are supportive of the fund. Gold holds above $4,100 as softer PCE offsets hawkish Fed
• Positive Sentiment: Gold initially moved higher after the Fed held rates steady, while weaker second-quarter GDP growth increased expectations that economic softness could eventually support a less restrictive policy stance. Gold Price Analysis – Gold Gaps Higher as FOMC Holds Interest Rate
• Neutral Sentiment: Analysts said the Fed’s “hawkish hold” stabilized precious metals but may keep gold in a consolidation range until policymakers provide clearer guidance at the September meeting. Gold is holding above the important $4,000 support level, but a sustained move above roughly $4,200 is viewed as necessary to confirm a broader bullish reversal. Fed’s hawkish hold stabilizes gold and silver
• Positive Sentiment: Underlying demand remains supportive: the World Gold Council reported resilient central-bank buying and strong Asian demand, while Royal Mint data pointed to renewed retail interest in precious metals after the recent selloff. Gold demand proves resilient despite Q2 selloff
• Negative Sentiment: Upside remains limited by firm Treasury yields, resilient jobless-claims data, elevated oil prices and the Fed’s continued tightening bias. Consumers also continue selling unwanted jewelry at elevated prices, adding some supply pressure to the gold market. Investors are still cashing in unwanted gold jewelry

SPDR Gold MiniShares Trust Trading Up 1.6%

GLDM stock opened at $81.33 on Friday. The company has a 50 day moving average of $82.95 and a two-hundred day moving average of $91.11. SPDR Gold MiniShares Trust has a 12-month low of $65.13 and a 12-month high of $109.74.

About SPDR Gold MiniShares Trust

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.